Summary: New Jersey Health Care Facilities Financing Authority, New Jersey St. Joseph?s Healthcare Obligated Group; Hospital; System

S&P Global Ratings assigned its 'BBB-' long-term rating to the New Jersey Health Care Facilities Financing Authority, N.J.'s tax-exempt $36.53 million series 2022 issued for St. Joseph?s Healthcare Obligated Group. S&P Global Ratings also affirmed its 'BBB-' long-term rating on the authority's series 2016 and 2017 bonds issued for St. Joseph?s Health (SJH). The outlook for all series is stable. Proceeds of the issuance will be used to reimburse St. Joseph's University Medical Center for the planning, development, construction, and renovation of various capital projects, as well as the acquisition of capital equipment. Series 2022 is expected to be a direct placement with Morgan Stanley Bank, N.A. The bonds are secure by a gross revenue pledge and mortgage from the

...S&P Global Ratings assigned its '###-' long-term rating to the New Jersey Health Care Facilities Financing Authority, N.J.'s tax-exempt $36.53 million series 2022 issued for St. Joseph's Healthcare Obligated Group. S&P Global Ratings also affirmed its '###-' long-term rating on the authority's series 2016 and 2017 bonds issued for St. Joseph's Health (SJH). The outlook for all series is stable. Proceeds of the issuance will be used to reimburse St. Joseph's University Medical Center for the planning, development, construction, and renovation of various capital projects, as well as the acquisition of capital equipment. Series 2022 is expected to be a direct placement with Morgan Stanley Bank, N.A. The bonds are secure by a gross revenue pledge and mortgage from the obligated group....

Summary